RIC Board changes and new appointments announced
The Federal Government has appointed two new Regional Investment Corporation (RIC) Board members, Sally Freeman and Michael Carroll, replacing outgoing Board members Lucia Cade and Mark Lewis whose terms ended effective 28 June 2021.
RIC variable interest rate to change on 1 August
The Regional Investment Corporation’s (RIC) variable interest rate is set to change on 1 August from 1.77 per cent to 2.17 per cent in line with a rise in the Commonwealth 10-year bond rate.
RIC three-year anniversary and $3 billion in affordable loans approved for Australian farmers
The Regional Investment Corporation (RIC) is pleased to celebrate two significant milestones recently with its third year of operation on 1 July 2021 and $3 billion in loans approved for Australian farmers and farm-related small businesses.
RIC Drought Loan helps Tasmanian farmer build water storage
Sam Elphinstone now has almost 70 per cent more water storage for his diverse farming business thanks to a Regional Investment Corporation (RIC) Drought Loan.
RIC talking AgriStarter Loan at Young Farmer Business Program Conference in Dubbo, NSW
The Regional Investment Corporation (RIC) is pleased to participate in this week’s Young Farm Business Program (YFBP) Conference in Dubbo, NSW and expects plenty of interest in its AgriStarter Loan for new farmers and farm business succession.
Federal Budget 2021 outcomes for the RIC
The Regional Investment Corporation (RIC) welcomes the Australian Government’s 2021-22 budget announcement that it will allocate $0.8 million to administer $37.5 million of existing RIC loan funding in 2021-22 for a new Plantation Development Concessional Loan to be delivered by the RIC.
RIC team on site for Agfest 2021 in Tasmania
The Regional Investment Corporation (RIC) team is pleased to be on site from 5 – 8 May 2021 at Agfest 2021, providing insight and answering questions on its affordable loans.
RIC team talking AgriStarter Loan at Beef 2021, 2-8 May 2021
The Regional Investment Corporation (RIC) is pleased to join the line-up at Beef 2021 in Rockhampton this week to provide information and answer questions on its loans, including the new AgriStarter Loan for new farmers and succession planning.
RIC Drought Loan helps Jones family build farm business resilience
The Jones family are first-generation farmers from Katanning in the Great Southern Region of Western Australia, who say a Regional Investment Corporation (RIC) Drought Loan has been the lifeline they needed to manage through the drought.
New RIC Executive Directors announced
The Regional Investment Corporation (RIC) is pleased to announce the new Orange-based leadership team taking the organisation forward to build a stronger regional Australia through affordable farm and farm-related small business loans.